WASHINGTON, D.C. – Today’s mediocre jobs report for July indicates a stalled economy – the report states that the share of the eligible population holding a job has declined to 58.1%, the lowest since July 1983. With the national unemployment rate at 9.1%, and only 117,000 jobs added last month, it is clear that a new fiscal policy course must be charted.
“It is apparent that America’s job creators remain concerned, resulting in a continuation of the worst unemployment streak since the Great Depression. We cannot continue down the President’s path of higher taxes, increased regulation, and more wasteful government spending” said Rep. Andy Harris. “We need accountability. We need to send a strong signal to the rest of the world, and especially to America’s job creators, that Washington has a permanent solution to its reckless spending. It’s time we pass a Balanced Budget Amendment to the Constitution to restore global confidence in the American economy and bring back jobs.”
Since the passage of President Obama’s cornerstone economic policy, the trillion-dollar Stimulus package of 2009, 1.8 million American jobs have been shed, the unemployment rate has risen, and the federal debt has increased to $14.5 trillion. According to the Bureau of Labor Statistics, at least 150,000 new jobs need to be created each month just to keep up with population growth. The economy is not growing fast enough to employ the nearly 14 million Americans looking for jobs.
Job growth is number one? Number one? Really? Since when? Show me how congress has made Job Growth the number one priority EVER in the last 12 months. The last 18? The last 100?
ReplyDeleteGet rid of the illegals and there are some jobs. What they call building is a joke.
ReplyDeleteAlso, if I had the means, I would pay every Republican $100.00 if they agree to stop using the phrase "job creators."
ReplyDeleteIf there are no jobs, then there are no job creators. Saying that taxes are the only thing keeping the supposed "job creators" from flooding the world with employment opportunities is laughable.
These "job creators" have a lot of money, and they are keeping it for themselves, like they always have. Taxes or no, they are not creating anything, except more wealth for themselves.
Trickle-down economics does. not. work. Just ask all of Delmarva.
4:19 THANK YOU! I'm glad someone is willing to call out the BS.
ReplyDelete#1 there is very little gov. can do to fix the economy on the short-term; both the left and the right love to claim the opposite
#2 whichever way the american consumer goes, so goes the world economy. Low demand and increased production have led to stagnant job growth. It don't have a single thing to do with taxes.
In the words of "Dutch", government is not the solution, government is the problem. When he cut taxes industry responded and jobs were created. Even with the tax cuts, tax revenues increased. Inflation dropped. People were working and our nation experienced prosperity.Plain and simple history. The effects of this administration will be history also,hopefully this history will never repeat itself.
ReplyDelete5:24, you got it right. government NEVER creates jobs because they can't !!!! they can create an "atmosphere" for the job creators to WANT to bring their money back to the u.s., expand their businesses and create new jobs.
ReplyDeletethis is NOT going to happen as long as this administration allows the regs and tax structure to remain the same. it would be "stupid" for business owners to risk their capital for a losing deal.
half the 13.9 mil. unemployed have been unemployed for over 27 wks. there is no excuse for this. ALL of this could be turned around quickly but don't hold your breath. again; as long as this administration is in office NOTHING is going to get better.